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Online betting has become a very competitive niche in the past decade which has prompted the sportsbooks to increase their marketing efforts to try and snatch up the biggest piece of the pie possible.
The most common practice has been the sportsbook deposit bonus; what this means is you receive an extra amount of money to bet with every time you make a deposit with your bookie. Now most places will award this as a free play. There are some semantic Nazis out there that will argue that is an incorrect term because in reality it is not free, because of all the rules and regulations that accompany the bonus, but we wonít deal with that, itís a term and nothing else.
Some bettors feel the bonus is simply a trap from the sportsbooks, that it is designed to make sure nobody ever wins any money and so forth. The reality is every time a book awards a bonus they have a negative expectation on your money, why? Because the more money you have the more you can win. That is the reason that every sportsbook bonus has a rollover, the books are just ensuring you wonít go in there, play with their money win and leave without ever using your deposit.
If you are not familiar with the concept of a rollover it basically translates to the amount of money you need to have wagered in order to claim any bonus winnings. Some places will add rules such as the types and number of wagers you can use the bonus deposit on, other may even place a time restriction on the bonus preventing you from making a withdrawal until such time has lapsed.
When accepting a sportsbook deposit bonus, you must always read the terms and conditions that go along with it, never accept a bonus blindly, trust me you will regret it. If you donít think the terms are fair or applicable to your style of betting then politely decline the promotion, this wonít prevent you from receiving a bonus on your next deposit.
In order to maximize your winnings from a sportsbook promotion, try to wager on a team that will give you the highest return. In the case of a free play, once you use it only the winnings get credited to your account, the amount at risk is lost; so try betting on a solid dog or an undervalued favorite to make sure you get the highest payout possible. If you are allowed to place parlays with a deposit bonus, then try to stick to 2 team parlays, if your winning percentage is above average you may even go up to 3 teams if allowed, but even if they let you use it on 4 or more team parlays donít do it.
Sportsbook deposit bonuses are a great way to increase your bankroll, just make sure you donít get suckered into unfair terms and conditions. For some of the best online bonuses check out BetPhoenix they are incredibly fair and generous.
